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Dec 8, 2012
12/12
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president obama used his weekly address insisting he is ready to make the tough decisions on spending cuts. >> i am willing to make more entitlement spending cuts on top of the one trillion in spending cuts i signed into law last year. but if we're serious about reducing our deficit while still investing in things like education and research that are important to growing our economy, and if we're serious about protecting middle class families then we're also going to have to ask the wealthiest americans to pay higher tax rates. that is one principle i wouldn't compromise on. >> speaker john boehner has a different view. he says the president needs to abandon what he called his "my way or the highway approach," in his words. if the president does that a lot of things are possible. >>> syrian rebels are battling army units around the capital. activists say 26 people were killed in the damascus suburbs today, while 29 more were killed around the country. meanwhile, the u.s. and other officials warning against chemical weapons. syria says it would never use the chemical weapons against it
president obama used his weekly address insisting he is ready to make the tough decisions on spending cuts. >> i am willing to make more entitlement spending cuts on top of the one trillion in spending cuts i signed into law last year. but if we're serious about reducing our deficit while still investing in things like education and research that are important to growing our economy, and if we're serious about protecting middle class families then we're also going to have to ask the...
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Dec 10, 2012
12/12
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a fresh-cut tri tip sirloin served with a succulent lobster tail. just $16.99. sizzler. . >> reporter: president barack obama and house speaker john boehner had not met to negotiate for weeks. now of course both sides are private about their conversation but still no deal, they have 21 days to reach an agreement or the country goes over the fiscal cliff even if they come up with an international monetary fun, an agreement is imminent. >> it prevents investors, entrepreneurs and households to make decisions because they don't know what tomorrow will be. >> president barack obama heads to washington to push for the democrats' plan but democrats have quite a bit of leverage, allison bops ktvu channel 2 morning news. >>> north korea is extending it by another week at least until december 29th. scientists found a technical deficiency in that rocket. now the u.s. thinks they are using launches like that to test missiles that could be used to hit the u.s. mainland but north korea said they are only using it to put a satellite into orbit. >>> he is undergoing tests and
a fresh-cut tri tip sirloin served with a succulent lobster tail. just $16.99. sizzler. . >> reporter: president barack obama and house speaker john boehner had not met to negotiate for weeks. now of course both sides are private about their conversation but still no deal, they have 21 days to reach an agreement or the country goes over the fiscal cliff even if they come up with an international monetary fun, an agreement is imminent. >> it prevents investors, entrepreneurs and...
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Dec 6, 2012
12/12
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WUSA
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that's what they here after the obama administration is ready to go over the fiscal cliff if the gop doesn't bid on higher taxes. a poll shows nearly half of those ads say it's time to end talks cuts for the wealthy but keep it in place for americans earning $250,000 or less. 32% say the tax cuts should remain in place for everyone. during a broadcast interview yesterday timothy geithner was asked what if republican don't agree to raising taxes? >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect of an agreement that doesn't involve the tax -- remember, it's 207b8%. remember, all of those americans, too, get a tax cut into that framework on the first $250,000 of their income. >> that said the president and speaker john boehner discussed the budget by phone yesterday. susan mcginnis is in washington with the latest on this game of fiscal chicken. susan, good morning to you. >> right. good morning, terrell. yeah, that phone call does raise the possibility that some serious talks could start soon, but now we learn that a lot of members o
that's what they here after the obama administration is ready to go over the fiscal cliff if the gop doesn't bid on higher taxes. a poll shows nearly half of those ads say it's time to end talks cuts for the wealthy but keep it in place for americans earning $250,000 or less. 32% say the tax cuts should remain in place for everyone. during a broadcast interview yesterday timothy geithner was asked what if republican don't agree to raising taxes? >> is the administration prepared to go...
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Dec 5, 2012
12/12
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WTTG
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and it will respond directly, presumably priestly to cut the tolls in half. reading between the lines and the statements, it sounds like the answer is no. >> indeed, it does. >>> another big story, the fiscal cliff debate. and fox 5 learned that president obama and john boehner spoke on the issue today, but the results have not been made public. the white house is asking federal agencies to plan for $100 billion in spending cuts and that is what happened if not resolved. administration believes the deal will be done. john boehner made an offer earlier this week putting $800 billion on new revenue on the table. he got hit hard by the administration and members of his own party. >> we have to cut spending and, i believe, it's super flowous. >> and that is a law, higher rates to go up for the 2072%, including all of you. yes. >> reporter: president obama was speaking to business leaders when he made the comment. he insists he will veto any bill not including tax increases on wealthier americans. >>> the defense department started planning for the roughly $500 bi
and it will respond directly, presumably priestly to cut the tolls in half. reading between the lines and the statements, it sounds like the answer is no. >> indeed, it does. >>> another big story, the fiscal cliff debate. and fox 5 learned that president obama and john boehner spoke on the issue today, but the results have not been made public. the white house is asking federal agencies to plan for $100 billion in spending cuts and that is what happened if not resolved....
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darden announced that none of its full time employees will have their hours cut as a result of the new regulations. >>> well, believe it or not you'll be seeing more starbucks cafes popping up. the coffee chain is planning to add 1,500 locations in the next five years. more are planned for canada and south america as well. >>> and having the most watched youtube video in u.s. history sure can pay the bills. south korean pop star psi is set to make at least get this $8.1 million this year off of his hit song "gangnam style." that just is from the ads on his youtube video and sales of the song on itunes. terrell, we've got to get some itune singing/dancing thing going on. >> you sing i'll dance. >> i'll dance, you sing. >> you daenlt want me to dance. >> i think we want that. >> ashley morrison in new york. thank you so much. >>> in sports rack up another milestone for lakers superstar bryant. he seeks a jumper for his 30,000th career point. he's only the fifth player in nba history to do that. for the game bryant pumped in 29 points to help them take down the hornets. and a thriller in
darden announced that none of its full time employees will have their hours cut as a result of the new regulations. >>> well, believe it or not you'll be seeing more starbucks cafes popping up. the coffee chain is planning to add 1,500 locations in the next five years. more are planned for canada and south america as well. >>> and having the most watched youtube video in u.s. history sure can pay the bills. south korean pop star psi is set to make at least get this $8.1...
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Dec 13, 2012
12/12
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KGO
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president obama to come up with a plan they can accept for spending cuts and tax revenues to avoid the so called fiscal cliff. time is running out now for both parties to reach a compromise. we have the latest. >> the deadline to avoid the fiscal cliff is december 316789 lawmakers have less time if they want get something together that congress can pass and the president can sign. >> the longer the white house road blocks this discussion, closer our economy gets to the fiscal cliff. >> in an interview, the president was optimistic a deal can be reached. >> i'm confident republicans would not hold middle class taxes hostage to try to protect tax cuts for high income individuals. >> monday night, white house sent speaker boehner on offer including $1.2 trillion in new revenue. yesterday, boehner sent a counter proposal back but looked almost exactly like their original plan. $800 in new revenue continues to be the sticking point. tax rates on the top earners. republicans insist the white house gives them specifics on the cuts the president is willing to make. yesterday spokesman brought
president obama to come up with a plan they can accept for spending cuts and tax revenues to avoid the so called fiscal cliff. time is running out now for both parties to reach a compromise. we have the latest. >> the deadline to avoid the fiscal cliff is december 316789 lawmakers have less time if they want get something together that congress can pass and the president can sign. >> the longer the white house road blocks this discussion, closer our economy gets to the fiscal cliff....
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Dec 6, 2012
12/12
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WMAR
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among the major sticking points is republican support for continuing tax cuts for the wealthiest americans, something mr. obama disagrees with. >> we could probably solve this in about a week. it's not that tough. but we need that conceptual breakthrough that says we need a balanced plan. that's what's best for the economy. that's what the american people voted for. that's how we're going to get it done. >> mr. obama's treasury secretary, tim geithner, went a step further, saying that the president would allow the nation to go over the fiscal cliff at the end of the year, if republicans don't agree to raise taxes on the wealthy. >>> and maybe abraham lincoln can help the fiscal cliff negotiations. harry reid believes so. the senate will get inspiration when reid hosts a clescreening the spielberg movie. >> whatever helps to get things moving, right? >>> hundreds of same-sex couples in washington state lined up overnight to get a marriage license now that they can legally wed. the county clerk's office in seattle opened at midnight to accommodate couples eager to make history. there's anoth
among the major sticking points is republican support for continuing tax cuts for the wealthiest americans, something mr. obama disagrees with. >> we could probably solve this in about a week. it's not that tough. but we need that conceptual breakthrough that says we need a balanced plan. that's what's best for the economy. that's what the american people voted for. that's how we're going to get it done. >> mr. obama's treasury secretary, tim geithner, went a step further, saying...
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Dec 10, 2012
12/12
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all with spending cuts and expiring tax credits. today, president obama pushed his proposed fix saying a deal must include higher tax rates. republicans say that is a job killer. they is said that forever. they let go of that, meeting at the white house yesterday. neither side will give any details about the conversation between president obama and speaker boehner. wendell, is there any time left to get this done? >>reporter: well, folks think there is time for enough of a deal but stopped short of a fiscal cliff but some think that has to happen this week. at a daimler truck stop the president didn't mention the upper income tax hike he is demanding but warned what will happen if congress doesn't extend the middle-class tax cuts both sides want. >> people will spend nearly $200 billion less than otherwise they would spend. consumer spending will go down. that means you have less customers, businesses get fewer profits, they hire fewer workers, you go in a downward spiral. wrong idea. >>reporter: the president criticized the right-t
all with spending cuts and expiring tax credits. today, president obama pushed his proposed fix saying a deal must include higher tax rates. republicans say that is a job killer. they is said that forever. they let go of that, meeting at the white house yesterday. neither side will give any details about the conversation between president obama and speaker boehner. wendell, is there any time left to get this done? >>reporter: well, folks think there is time for enough of a deal but...
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Dec 5, 2012
12/12
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CNBC
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president obama said that he is willing to sign it. so that would be one way to just sort of get some of this panic out of the way and let people deliberate and make some really good choices when we come back in january. >> i want to bottom line it very quickly with jared. i'm going to make you squirm, jared. >> god luck. >>maker the argument for going over it. you have to argue for it. go over the whole thing. what would it be? get our aaa back? >> that may be the only way we can get a responsible fiscal deal. and if that deal begins to take shape in late december, the only way to resolve the cliff may be to temporarily go over the cliff so that tax rates reset and we can get on a bitter fiscal trajectory, and -- and -- they can quickly, as nicole mentioned, reverse some worse effects of that. and in that sense, we've gone over it, but briefly. i'm not for it but that is a resolution that would really use the leverage, the dynamics that are in play right now to finally get us on a more sustainable fiscal path. >> it's not juvenile hal
president obama said that he is willing to sign it. so that would be one way to just sort of get some of this panic out of the way and let people deliberate and make some really good choices when we come back in january. >> i want to bottom line it very quickly with jared. i'm going to make you squirm, jared. >> god luck. >>maker the argument for going over it. you have to argue for it. go over the whole thing. what would it be? get our aaa back? >> that may be the only...
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Dec 13, 2012
12/12
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president obama did lower the amount from 1.6 to $1.4 trillion. republicans say that's not good enough. they are holding out for cuts to programs like social security. >> we'll stay here right through the new year and make sure we resolve this in an acceptable way for the american people. >> the fed chair ben bernanke says just the threat of a "fiscal cliff" is already creating uncertainty in the economy. and that is not good for the stock market. >>> "fiscal cliff" negotiations though are throwing a wrench into year end tax planning, as well. >> but there are plenty of actions to take starting with changes of tax laws that expire at the and of the year. jill schlesinger, editor at large for cbsmoneywatch.com joins us now with information on tax laws that expire at the end of the year. >> good morning. >> first start with people trying to reduce their mortgage debt. >> reporter: this is really interesting because homeowners who have restructured their mortgage debt since the housing crash have enjoyed a big benefit. no tax on the amount of debt th
president obama did lower the amount from 1.6 to $1.4 trillion. republicans say that's not good enough. they are holding out for cuts to programs like social security. >> we'll stay here right through the new year and make sure we resolve this in an acceptable way for the american people. >> the fed chair ben bernanke says just the threat of a "fiscal cliff" is already creating uncertainty in the economy. and that is not good for the stock market. >>> "fiscal...
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Dec 10, 2012
12/12
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what they're doing is allowing the bush tax cuts to expire. in other words, allow the tax to go back to where they were when we created jobs. i think, if the republicans are able to say, look, we're willing to allow tax to go for 98% of the nation so that we can talk about entitlements, i think that characterization of the conversation will help them in terms of image because right now it doesn't look as if they care about the middle class. they need to focus in on the fact that they're allowing 98%, the majority of the bush tax cuts to be extended, and they can claim that as a victory. i think you will see a shift in the way people are viewing who's at fault in the fiscal cliff conversation, and you'll be able to have a much more positive attitude about the republicans heading into this so-called battle well hillary clinton in the future. >> l.z. granderson and will cain, thank you, gentlemen. we appreciate it. >> thanks, ted. >>> washington, including president obama, went gangnam style over the week epd, but not without a little controversy
what they're doing is allowing the bush tax cuts to expire. in other words, allow the tax to go back to where they were when we created jobs. i think, if the republicans are able to say, look, we're willing to allow tax to go for 98% of the nation so that we can talk about entitlements, i think that characterization of the conversation will help them in terms of image because right now it doesn't look as if they care about the middle class. they need to focus in on the fact that they're...
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Dec 6, 2012
12/12
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WUSA
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obama demanded republicans raise the debt ceiling this month without any spending cut strings attached. >> if congress in any way suggests they're going to tie negotiations to debt ceiling votes, and take us to the brink of default once again as part of a budget negotiation, i will not play that game. because we've got to break that habit before it starts. >> reporter: the president sees the fiscal cliff showdown as an opportunity to break that linkage for good. republicans say they will not increase the debt ceiling now $16 trillion and due to expire in february without more deficit reduction. >> history shows the only major deficit cutting deals we ever do around here, ever, comes after debates over the debt ceiling. it may be a good idea if you don't care about the debt, but it's a non-starter for those of us who do. >> reporter: public opinion generally is on the president's side, but republicans in the house are not paralyzed or perilous, more unified behind speaker boehner than a year ago. why is this important? the white house is beginning to notice and now believe there is a de
obama demanded republicans raise the debt ceiling this month without any spending cut strings attached. >> if congress in any way suggests they're going to tie negotiations to debt ceiling votes, and take us to the brink of default once again as part of a budget negotiation, i will not play that game. because we've got to break that habit before it starts. >> reporter: the president sees the fiscal cliff showdown as an opportunity to break that linkage for good. republicans say they...
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Dec 8, 2012
12/12
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the things that people are talking about now, specifically very important people like president obama and speaker boehner, is the tax code and these programs that we sometimes call entitlements, medicare, medicaid and social security. those are the things that are on the table at the moment, not defense. unless the bargain fails, unless the two sides cannot get together and then the thing that will happen, and it will happen quickly, are drastic cuts in defense and domestic spending and an automatic increase in taxes. that is what must be avoided. just because the economy couldn't take it at this stage. we've had relatively slow growth in the economy, and though it seems to be picking up and the last jobs report was quite favorable, having a crash austerity program right now, that's what the fiscal cliff is, would be a big mistake. so the two sides have to get together on this grand bargain. >> well, we certainly hope they do. alice rivlin, thank you very much. >> you're welcome. >>> switching gears now. what is the future for the pop star psy? he may have the most popular video in th
the things that people are talking about now, specifically very important people like president obama and speaker boehner, is the tax code and these programs that we sometimes call entitlements, medicare, medicaid and social security. those are the things that are on the table at the moment, not defense. unless the bargain fails, unless the two sides cannot get together and then the thing that will happen, and it will happen quickly, are drastic cuts in defense and domestic spending and an...
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Dec 13, 2012
12/12
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president obama lowered the amount from 1.6 to $1.4 trillion. that's not good enough for the republicans holding out for cuts to programs like social security. congressional leaders warn lawmakers not to make holiday travel plans. they will work to the last minute. >>> it's been a busy morning for all things business. >> certainly. he has plenty of new numbers from washington and some new maps from apple and this would be jason brooks with kcbs and cbsmoneywatch.com. good morning. >> good morning. >> reporter: and we have some decent news on the economy but that's largely being overshadowed by the "fiscal cliff" talks. a lot of worries on wall street if an agreement can't be reached by the end of the year. but as far as of the economy goes, decent news especially on the job market. the labor department reporting that first time unemployment claims fell by 29,000 to 343,000 the lowest level in two months and the second lowest level of the year. it suggests hiring is outpacing firing. the four-week average down to 381,000, still an effect from san
president obama lowered the amount from 1.6 to $1.4 trillion. that's not good enough for the republicans holding out for cuts to programs like social security. congressional leaders warn lawmakers not to make holiday travel plans. they will work to the last minute. >>> it's been a busy morning for all things business. >> certainly. he has plenty of new numbers from washington and some new maps from apple and this would be jason brooks with kcbs and cbsmoneywatch.com. good...
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part of the push to preserve the middle class tax cut. here he is around the table in the washington area today. if the president and congress cannot reach a deal, tax rates for the middle class and everyone else goes up the first of the year. meanwhile, senate minority leader mitch mcconnell today prevented a simple majority vote to give the president the power to raise the u.s. debt ceiling. president obama pushed for the power trance fosform as part of white house plan they unveiled a week ago. fiscal cliff, 26 days away. christine romans explains how going over the cliff could affect you and your family. >> reporter: brooke, here's what the sequester could mean for domestic programs. fewer women and children with assistance and child care aid. cuts to education nearly 100,000 head start spots at risk. more than 25,000 teachers and teachers aids could lose their jobs and science and public research grants could be cut including in to cancer and childhood diseases. fewer americans could receive drug abuse treatment and $700 million slas
part of the push to preserve the middle class tax cut. here he is around the table in the washington area today. if the president and congress cannot reach a deal, tax rates for the middle class and everyone else goes up the first of the year. meanwhile, senate minority leader mitch mcconnell today prevented a simple majority vote to give the president the power to raise the u.s. debt ceiling. president obama pushed for the power trance fosform as part of white house plan they unveiled a week...
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Dec 10, 2012
12/12
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KGO
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obama and speaker boehner met face-to-face. in washington can't strike a deal by the end of the year all -- automatic spending cuts go into effect. >>> the white house has ordered military to plan on slashing 500 billion from its budget over the next 10 years. federal funding for schools will be cut 8.2% some ideas include eliminating tax deduction for charitable contributions. no longer allowing homeowners who write-off mortgage payments. >>> time for a check on the weather. >>> 68 in santa rosa, going to be well above average by four to eight degrees. good morning. fairfield six mile visibility, santa rosa 1 and 3/4 everybody else unlimited. land breeze keeping clouds out over the coast. coolest inland where we have the 40s, except napa 51 around the bay and coast in the 50s. 7:00 temperatures mid 50s inland i should say mid 40s inland mid 50s bay and coast sunny near 60 lunchtime, great time to be outside warm air mass will jump up to 60° by 4:00 low to mid 50s by 7:00. cooling tomorrow as sea breeze kicks in, tuesday night
obama and speaker boehner met face-to-face. in washington can't strike a deal by the end of the year all -- automatic spending cuts go into effect. >>> the white house has ordered military to plan on slashing 500 billion from its budget over the next 10 years. federal funding for schools will be cut 8.2% some ideas include eliminating tax deduction for charitable contributions. no longer allowing homeowners who write-off mortgage payments. >>> time for a check on the weather....
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Dec 7, 2012
12/12
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FOXNEWSW
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the president says he is optimistic that republicans will cut a deal to keep middle class taxes from going up 26 days from now. leaders in the g.o.p. say the president is forgetting about the other part of the deal. the spending cuts. let's get to ed henry live for us tonight. ed, what else did the president have to say today? >> well, shep, there is so much pessimism from the myan calendar and predictions i suppose to predictions congress can't get its act together and get this fiscal mess cleaned up. the president tried to have a different message. he is trying to say he is optimistic and thinks that when everyone has their say here over the next few days they are finally going to get a deal. take a listen. >> i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> now, the president expressing on michelle there. we are told as well that his staff and speaker boehner's staff have now sort
the president says he is optimistic that republicans will cut a deal to keep middle class taxes from going up 26 days from now. leaders in the g.o.p. say the president is forgetting about the other part of the deal. the spending cuts. let's get to ed henry live for us tonight. ed, what else did the president have to say today? >> well, shep, there is so much pessimism from the myan calendar and predictions i suppose to predictions congress can't get its act together and get this fiscal...
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Dec 11, 2012
12/12
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. >> shepard: the white house says president obama believes he can cut a deal with house republicans to keep from all going over the fiscal cliff. the president is refusing to compromise on letting tax cuts expire on incomes of more than $250,000 a year. g.o.p. leaders are calling that a job killer and a deal breaker. of course, if we fall off the fiscal cliff, we'll all die, right? actually, taxes will go up for pretty much everybody and automatic spending cuts kick in on knew year's day. the president and the house speaker met face-to-face just yesterday for the first time since the election, but are they talking about it? no. today an aide said the speaker is willing and still waiting for counteroffer from the president. ed henry is live at the white house. i don't know, ed. a meeting happens and nobody says anything. this could be seen as something more good than bad. >> reporter: exactly. because they didn't come out of the meeting beating each other up and saying i'm never going to sign a deal with the other guy. the fact that they're keeping this quiet, hush hush for now in te
. >> shepard: the white house says president obama believes he can cut a deal with house republicans to keep from all going over the fiscal cliff. the president is refusing to compromise on letting tax cuts expire on incomes of more than $250,000 a year. g.o.p. leaders are calling that a job killer and a deal breaker. of course, if we fall off the fiscal cliff, we'll all die, right? actually, taxes will go up for pretty much everybody and automatic spending cuts kick in on knew year's...
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Dec 7, 2012
12/12
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the obamas pushed the button to light up the big blue spruce. some 17,000 people were on hand last night for the 90th annual tree lighting ceremony. >>> police in springfield, massachusetts are on the lookout for a jogger who runs in the buff. they say people on their way to work wednesday morning reported a man, probably in his 50s, running without any clothes on. no shoes either. police say they're concerned about why he's doing it and that he's reportedly done it before. >>> a packed hour ahead on "early start," including breaking news out of japan. a tsunami warning in the same area where the big one hit as another earthquake strikes off the coast shaking buildings for minutes. >>> it can be one of the most exciting plays in football and one of the most dangerous. could kickoffs become a thing of the past to save players a future of pain? we'll talk about that with former linebacker chris draft. >>> and two weeks before christmas, is this portrait of christ weeping? first reporting for duty, south carolina right on cue, the twitter campaign
the obamas pushed the button to light up the big blue spruce. some 17,000 people were on hand last night for the 90th annual tree lighting ceremony. >>> police in springfield, massachusetts are on the lookout for a jogger who runs in the buff. they say people on their way to work wednesday morning reported a man, probably in his 50s, running without any clothes on. no shoes either. police say they're concerned about why he's doing it and that he's reportedly done it before....
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Dec 13, 2012
12/12
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FOXNEWSW
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speaker boehner says president obama wants tax increases but is resistant to spending cuts. the president is optimistic about a deal but acknowledges it's a work in progress. in public opinion, a poll from the pew research center 55% say the president is making a serious effort to reach a agreement. 32% of republican leaders. mike, we're hearing frustration from republicans but the breaking news, 5:00 p.m. east coast time these two getting together again. >> this is critical a 5:00 meeting at the white house between the president and speaker, the two key figures in trying to hammer out a deal. the republicans were trying to make the point spending is the nature of the government's problem, not tax revenue. they prepared a chart showing spending is expected to increase from now to 2041 while tax revenue is expected to hold consistent. so at one point today the speaker of the house sounded like he was kind of tired of answering hypothetical questions. >> ifs and and and butts are like candy and nuts. if that's the case, every day would be christmas. my goal is to get to an agr
speaker boehner says president obama wants tax increases but is resistant to spending cuts. the president is optimistic about a deal but acknowledges it's a work in progress. in public opinion, a poll from the pew research center 55% say the president is making a serious effort to reach a agreement. 32% of republican leaders. mike, we're hearing frustration from republicans but the breaking news, 5:00 p.m. east coast time these two getting together again. >> this is critical a 5:00...
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Dec 13, 2012
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that's according to a news pal. 51% say president obama and congress will cut a deal to prevent automatic tax hikes and spending cuts. john boehner says he still has serious differences with the president after they exchanged new counteroffers apparently and talked on the phone last night. now some house republicans are vowing to work through the holidays to get the deal done. ed henry is live at the white house. that's a motivator i suppose, lose your christmas. >> normally when there is a holiday like that, you're right. this forces them to come to the table. right now they are still pretty far apart. there was a phone call you last night between the president and the speaker. officials on both sides telling me tonight the call was pretty tense because the bottom line is they are still not finding common ground. you listen to the speaker today, jay carney from the white house podium, they're still saying that they're farther apart on both spending cuts and tax increases. take a listen. >> mainly tax hikes. and as planned is it not begin to solve our debt crisis. it actually increases sp
that's according to a news pal. 51% say president obama and congress will cut a deal to prevent automatic tax hikes and spending cuts. john boehner says he still has serious differences with the president after they exchanged new counteroffers apparently and talked on the phone last night. now some house republicans are vowing to work through the holidays to get the deal done. ed henry is live at the white house. that's a motivator i suppose, lose your christmas. >> normally when there is...
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Dec 5, 2012
12/12
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we could pay down all of the overspending of obama's first term by having 4% growth instead of 2% growth. and we know how to do it, because we did it under reagan. >> but why would you cut spending then, spending that's supposed to encourage the economy to get better so you get more growth and get rid of your deficits? >> i think -- well, i think we should, one -- first of all, we have to pay down the debt he ran up. we're spending $1 trillion more each year, the federal government -- we, the federal government is spending $1 trillion more each year than when obama walked into office. it's that overspending we need to bring down. raising taxes doesn't solve the overspending problem. it feeds it. and, again, we have been through this lucy and the football thing in '82, in '90. we didn't take the advice of the tax increase last year, and we got spending restraint for the debt ceiling. remember, the republican house has a tremendous power over the debt ceiling. so all this stuff about how we have to bend to the emperor's will isn't true. >> all right. grover norquist, thanks very much. we a
we could pay down all of the overspending of obama's first term by having 4% growth instead of 2% growth. and we know how to do it, because we did it under reagan. >> but why would you cut spending then, spending that's supposed to encourage the economy to get better so you get more growth and get rid of your deficits? >> i think -- well, i think we should, one -- first of all, we have to pay down the debt he ran up. we're spending $1 trillion more each year, the federal government...
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Dec 6, 2012
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. >> the new associated press poll find 48% of americans want tax cuts for wealthy to expire. and it says more people want to cut government services than raise taxes to reduce the federal deficit. >> if the nation goes over the cliff at the end of the year it is going to affect everyone including the unemployed as abc's jonathan karl reports. >> reporter: melinda vega has been put on notice. if congress and the president don't get their act together, her unemployment checks will stop immediately at the end of the year. >> we're dependent on that money to pay the bills. she has been what a job for a year. her $450 a week unemployment check her life line. >> we won't be able to pay some of our bills and, i mean, you know, that's for christmas and things of that nature, probably off the table. >> reporter: she is not alone. without a deal, unemployment compensation will end for more than 2 million people out of work more than 26 weeks. many of the unemployed started receiving the news this week from prerecorded phone calls like this one in washington state. >> emergency unemploy
. >> the new associated press poll find 48% of americans want tax cuts for wealthy to expire. and it says more people want to cut government services than raise taxes to reduce the federal deficit. >> if the nation goes over the cliff at the end of the year it is going to affect everyone including the unemployed as abc's jonathan karl reports. >> reporter: melinda vega has been put on notice. if congress and the president don't get their act together, her unemployment checks...
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Dec 9, 2012
12/12
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. >> reporter: in his saturday weekly address, president obama signaled he is open to making cuts on programs like medicare and medicaid if republicans agree to raise tax rates for the rich. >> i am willing to find way to bring down the cost of health care without hurting seniors and other american who is depend on it. i am willing to make more entitlement spending cuts on top of the $1 trillion in spending cuts i signed into law last year. >> his talks came after speaker of the house john boehner reported the talks are stalled. >> there is no progress to report. >> his democratic counterpart, pelosi, blames bangle they returned an -- blames boehner. >> they returned an empty letter lacking in specifics. >> federal income tax rates will go back up to the higher clinton era levels and long term unemployment benefits will dry up for over 2 million americans who have been out of work for six months or more. on friday bade boehner did not rule out a compromise on tax hikes for top earner, somewhere between 25% and the clinton era 36%. even if the two sides are making progress behind the
. >> reporter: in his saturday weekly address, president obama signaled he is open to making cuts on programs like medicare and medicaid if republicans agree to raise tax rates for the rich. >> i am willing to find way to bring down the cost of health care without hurting seniors and other american who is depend on it. i am willing to make more entitlement spending cuts on top of the $1 trillion in spending cuts i signed into law last year. >> his talks came after speaker of...
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Dec 5, 2012
12/12
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republicans offered president obama a proposal that retained the bush tax cuts for the wealthy, and now they say the ball is in the president's court. >> this week we made a good faith offer to avert the fiscal crisis. now we need a response from the white house. we can't sit here and negotiate with ourselves. >> both sides promise to cut trillions from government spending over the next decade, but the republicans insist they can do it without raising taxes on the rich. president obama insists that's a nonstarter. he shared his message with rich folks at the business round table. he told them they could handle paying more in taxes. >> let's allow higher rates to go up for the top 2%, that includes all of you, yes. but not in any way that will affect your spending, your lifestyles, or the economy in any significant way. >> business round table is a lobby group made up of some of the country's biggest ceos, ceos of some of the country's bigg gt companies. if you don't know what the fiscal cliff is, you've probably been living under a rock. i found this explanation. this is mr. burns from
republicans offered president obama a proposal that retained the bush tax cuts for the wealthy, and now they say the ball is in the president's court. >> this week we made a good faith offer to avert the fiscal crisis. now we need a response from the white house. we can't sit here and negotiate with ourselves. >> both sides promise to cut trillions from government spending over the next decade, but the republicans insist they can do it without raising taxes on the rich. president...
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Dec 13, 2012
12/12
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on how to avert the spending cuts set to go into affect next month. the negotiations can continue until the last minute. they told them not to make plans for the week after christmas. starting today, commercials should not be louder than the television shows you are watching. the calm act is making sure the ads are the same volume as the programs around them. the law wasco authored by anna tissue. and they are prompting the utilities commission to add a new area code to the area code zone. they are forcing some people to switch area codes or to a sign a new area code with two new numbers. they will think about it in january. >>> the man accused of killing sierra lemar is charged with 3 new crimes in san jose. 21-year-old antolin garcia- torres looked very different. his hair has grown out and antolin garcia-torres is accused of trying to kidnap three different women in 2009. he could enter pleased and has yet to enter a plea in the disappearance and killing of sierra lemar. >>> and there is a rush for holiday deliveries and they want you to be careful
on how to avert the spending cuts set to go into affect next month. the negotiations can continue until the last minute. they told them not to make plans for the week after christmas. starting today, commercials should not be louder than the television shows you are watching. the calm act is making sure the ads are the same volume as the programs around them. the law wasco authored by anna tissue. and they are prompting the utilities commission to add a new area code to the area code zone. they...
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Dec 6, 2012
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just 26 days before everyone's taxes go up and programs get cut. jon karl is following it all. a small breakthrough yesterday, president obama and house speaker john boehner got on the phone. >> reporter: that may not sound like much, george. but it's the first time the two men have spoken in a week. and what may be the most significant sign of progress, neither side talked about what was said on the call, an indication they may be serious about negotiating in private. >> we're starting to see some republicans concede that tax rates on the wealthy, at least, are going to have to go up. the president has another rock-hard bottom line. that's an increase in the u.s. debt limit, as well. >> reporter: that's right. republicans even top republicans, say the tax rates are going to almost certainly go up. but on this question of the debt ceiling, the government reaches the limit of how much money it can borrow in february. republicans say they will exact a price for that. they want spending cuts, if they can't get exchange for the tax increases. they will raise the debt ceiling. >> th
just 26 days before everyone's taxes go up and programs get cut. jon karl is following it all. a small breakthrough yesterday, president obama and house speaker john boehner got on the phone. >> reporter: that may not sound like much, george. but it's the first time the two men have spoken in a week. and what may be the most significant sign of progress, neither side talked about what was said on the call, an indication they may be serious about negotiating in private. >> we're...
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Dec 12, 2012
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president obama, house speaker john boehner held another phone call last night. here is speaker boehner on that. >> there were some offers that were exchanged back and forth yesterday. and the president and i had a pretty frank conversation about just how far apart we are. >> as we mentioned just last hour, take a look at the graph, these two sides have moved closer on taxes over the last couple of weeks. speaker boehner offered up $800 billion in new tax revenues after insisting on none. the president just this week, he's come down a little bit to $1.4 trillion but still no dice. no deal. cnn's sandra endo is standing by at reagan national airport, across the potomac from washington. so, sandra, if we hit this fiscal cliff, all the spending cuts kick in, what effect will that have on air travel? >> reporter: the big unknown is still how it will affect the everyday traveler. and that is certainly something a lot of people here are wanting to figure out. as for the air traffic controllers union, they released a statement this afternoon saying that it would be a ma
president obama, house speaker john boehner held another phone call last night. here is speaker boehner on that. >> there were some offers that were exchanged back and forth yesterday. and the president and i had a pretty frank conversation about just how far apart we are. >> as we mentioned just last hour, take a look at the graph, these two sides have moved closer on taxes over the last couple of weeks. speaker boehner offered up $800 billion in new tax revenues after insisting on...
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Dec 13, 2012
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should secretary clinton fail to cut off aid to tunisia, i will take legislative action to cut off the aid to tunisia. >> reporter: just to remind folks, this investigation into the benghazi terrorist attack is being treated under the law enforcement model by the obama administration which means the fbi is the lead investigating body. and earlier this week fox news asked the attorney general to respond to criticism that it really seems stalled to the public, and he said that there is more going on in the investigation than meets the eye. >> you talk about one part of the investigation, um, of an investigation that is ongoing. and our efforts with regard to that specific part that you mentioned are, indeed, ongoing, and we'll see how that develop cans. but there are a whole range of other things that we're doing with regard to the benghazi incident that we, frankly, don't talk about. >> reporter: what is not a dispute is that no suspects have been formally charged in that terrorist attack and the murder of four americans more than three months ago, jon. jon: yeah. that's still the big q
should secretary clinton fail to cut off aid to tunisia, i will take legislative action to cut off the aid to tunisia. >> reporter: just to remind folks, this investigation into the benghazi terrorist attack is being treated under the law enforcement model by the obama administration which means the fbi is the lead investigating body. and earlier this week fox news asked the attorney general to respond to criticism that it really seems stalled to the public, and he said that there is more...
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consider gop cuts to entitlement programs like medicare and medicaid until republicans agree to raise income taxes on people making $250,000 or more a year. one thing both sides agree on, there's a long way to go for a deal can be reached. >> there were some offers exchanged yesterday. and the president and i have pretty frank conversations about how far apart we are. >> there is no indication the republican leadership is willing to acknowledge the basic fact that rates need to rise on the top 2%. >> lawmakers in washington have less than three weeks to reach a budget deal on the so-called fiscal cliff. if they don't, there are fears automatic tax increases and spending cuts could push the economy back into a recession. >>> bonds will continue to be purchased at a cost of $85 billion a month from the federal reserve. it's a move to keep interests low and unemployment rates even lower until the outlook at the labor market improves sub staeshl -- substantially. >>> john mcafee in florida this evening. he arrived at miami international just before 5:00 pm. he is in florida after being ki
consider gop cuts to entitlement programs like medicare and medicaid until republicans agree to raise income taxes on people making $250,000 or more a year. one thing both sides agree on, there's a long way to go for a deal can be reached. >> there were some offers exchanged yesterday. and the president and i have pretty frank conversations about how far apart we are. >> there is no indication the republican leadership is willing to acknowledge the basic fact that rates need to rise...
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Dec 9, 2012
12/12
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all of those americans, too, get a tax cut. the obama administration is happening what happens for the aying american families. we have congressman randy forbes. >> let me ask you something. do you feel like a president actually wants this to happen so that it gives him some political ad vantage? >> i have to judge that by two things. first of all what i am hearing from my colleagues on the democratic leadership side they said they wanted to go over the fiscal cliff because we have argued all along they will start by simply taxing everybody over 250,000. they told me they wouldn vote fr anything that would tax everybody over 150,000. you take the president's actions. the president doesn't want to get an agreement or compromise he wants to get his way. he won't come to the table with any serious proposal because we can get a solution everybody can live with. >>> they have a bit of a messaging problem. i don't understand why there's not more of a conversation that starts with the fact these taxes go up. democrats would not extend
all of those americans, too, get a tax cut. the obama administration is happening what happens for the aying american families. we have congressman randy forbes. >> let me ask you something. do you feel like a president actually wants this to happen so that it gives him some political ad vantage? >> i have to judge that by two things. first of all what i am hearing from my colleagues on the democratic leadership side they said they wanted to go over the fiscal cliff because we have...
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Dec 7, 2012
12/12
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WUSA
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in this country president obama says cutting a deal to avoid the fiscal cliff could to be done in a week but the president said that won't happen unless republicans drop their opposition to the wealthy. president obama visited a virginia family to move his cause. he maintained his hard line on tax increase. >> just to be clear i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get something done. >> congress and the president have until the end the year to avert automatic spending cuts and tax increase. take a quick break. when we come back on the morning news a preview of this morning's jobs report. what role did sandy play in hiring? ♪ [ male announcer ] with free package pickup from the u.s. postal service. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands arou
in this country president obama says cutting a deal to avoid the fiscal cliff could to be done in a week but the president said that won't happen unless republicans drop their opposition to the wealthy. president obama visited a virginia family to move his cause. he maintained his hard line on tax increase. >> just to be clear i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get something...
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Dec 6, 2012
12/12
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she said she does not want to continue a secretary of state for president obama's second term. she said she wants to focus on issues to -- that are important to women. >>> let's see what tara is seeing on 880. >> we have a lot of traffic on pinole and then past the golden gate gate. we're in berkeley/emeryville. we have a traffic issue in here. 280, northbound towards santa clara, looking pretty bad. give yourself extra time. let's check in with steve. >>> tara, thank you. there's definitely some breaks in the clouds. jive seen gusts to 25 miles per hour. i dent think this -- i've seen gusts to 25 miles per hour. i don't think this -- this breeze can helpster things up a little bit. still some low clouds around. i'm seeing breaks in the clouds for san jose. kind of a cooler pattern with the northwest wind. mostly sunny, though, today, no rain except we're done for a while. in fact, as the pattern changes here, even the higher clouds will stay to the north as everything starts to build offshore. independent self -- instead of 58, 59. everything staying north for now. the breeze
she said she does not want to continue a secretary of state for president obama's second term. she said she wants to focus on issues to -- that are important to women. >>> let's see what tara is seeing on 880. >> we have a lot of traffic on pinole and then past the golden gate gate. we're in berkeley/emeryville. we have a traffic issue in here. 280, northbound towards santa clara, looking pretty bad. give yourself extra time. let's check in with steve. >>> tara, thank...
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Dec 10, 2012
12/12
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they want major cuts in entitlement programs in return. tahman bradley joins us from washington with more. >> reporter: sunny and john, good morning. with time running out, president obama and speaker boehner are negotiating directly. congress needs a bill soon. president obama is back on the road today, peddling his plan to avoid the so called fis kalg cliff. in washington, republicans and democrats remain far from a deal. sunday, small sign of hope. mr. obama and john boehner meet together. a source said, i would be a little enjournlged. not greatly, but a little. republicans may be ready to compromise on tax hikes for the rich. >> there's a growing group of folks looking at this and saying, we don't have a lot of cards in regards to the tax issue. >> reporter: some are open to more tax revenues. the two parties seem to be closer on entitlement, with one leading democrats saying he's open to means testing for medicare. >> i do believe there should be means testing. those of us with higher income and retirement should may more. >> reporte
they want major cuts in entitlement programs in return. tahman bradley joins us from washington with more. >> reporter: sunny and john, good morning. with time running out, president obama and speaker boehner are negotiating directly. congress needs a bill soon. president obama is back on the road today, peddling his plan to avoid the so called fis kalg cliff. in washington, republicans and democrats remain far from a deal. sunday, small sign of hope. mr. obama and john boehner meet...
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Dec 13, 2012
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KGO
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i think overwhelmingly, the majority of americans support president obama on raising the taxes on the wealthiest. but i thought this was interesting. a majority of republicans think cuts to entitlement programs, should be made now, even if it's tough on families. but democrats think they should be continued to be funded at their current levels, even if it means passing on trillions of dollars of debt to future generations. >> that is the fox news poll just to be clear. >> that is the fox news poll. >> you would think if the issue is the president ran on the idea of raising tax rates for the wealthy, got re-elected on that idea of raising tax rates for the wealthy, the majority of americans seem to support that, even now, in the midst of the negotiations. isn't it time to seal the deal and be done? the white house seems to be taking the stance that until you agree not just to raise tax revenue and tax rates, that is where the president is going to put his feet in the cement on the issue. so that seems to be the gateway to get to what the republicans want which is deeper spending cuts.
i think overwhelmingly, the majority of americans support president obama on raising the taxes on the wealthiest. but i thought this was interesting. a majority of republicans think cuts to entitlement programs, should be made now, even if it's tough on families. but democrats think they should be continued to be funded at their current levels, even if it means passing on trillions of dollars of debt to future generations. >> that is the fox news poll just to be clear. >> that is...
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Dec 6, 2012
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who actually came up with a plan to cut the deficit, a plan that everyone hailed as magnificent but no one wanted to adopt. >>> joining me now is cnn contributor will cain. he leans right. good morning, will. >> good morning. let me tell you something. you said the popularity of gangnam style knows no limits. i beg to differ. >> you do? >> i think we just found its limits, when 8-year-olds start doing gangnam style you can count on its popularity decreasing. we're about a year away from it being makarena. >> trying to get two sides come together to come to a deal on the fiscal cliff. >> i don't know about young people's abilities to force cats and dogs and democrats and republicans to come together to find a deal. he had a much more profound message than just simply dancing in that clip, in that psa essentially. he was trying to alert young people to the fact that old people, bluntly, are organized. look at the army of aarp representatives that ensure that programs like medicare and social security, programs that take up something like 50% of our federal budget will remain intact an
who actually came up with a plan to cut the deficit, a plan that everyone hailed as magnificent but no one wanted to adopt. >>> joining me now is cnn contributor will cain. he leans right. good morning, will. >> good morning. let me tell you something. you said the popularity of gangnam style knows no limits. i beg to differ. >> you do? >> i think we just found its limits, when 8-year-olds start doing gangnam style you can count on its popularity decreasing. we're...
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are you listening, lawmakers and president obama? facebook.com/car facebook.com/carolcnn if you would like to continue the conversation. thanks for the responses. i appreciate t
are you listening, lawmakers and president obama? facebook.com/car facebook.com/carolcnn if you would like to continue the conversation. thanks for the responses. i appreciate t
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Dec 13, 2012
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every federal program is cut. and there's no signs of any progress from president obama and house speaker john boehner, which is raising the tension on capitol hill. abc's jonathan karl is there. and both sides are giving up hope of solving this by christmas. >> reporter: that's right. in fact, speaker boehner and republican leaders have warned rank and file republicans that they should be prepared to be here in washington, through christmas, and until the new year. the two sides don't even agree on what's holding everything up. the white house says that everything could be resolved quickly if republicans just agreed to raise tax rates on the wealthy. republicans say what's really the problem here is the white house won't get serious about spending cuts. >> everyone waiting on those two men. meanwhile, one of the side casualties may be that funding for the victims of hurricane sandy. >> reporter: that's right. i do not think that hurricane sandy funding, the $60 billion request from the white house, will get done
every federal program is cut. and there's no signs of any progress from president obama and house speaker john boehner, which is raising the tension on capitol hill. abc's jonathan karl is there. and both sides are giving up hope of solving this by christmas. >> reporter: that's right. in fact, speaker boehner and republican leaders have warned rank and file republicans that they should be prepared to be here in washington, through christmas, and until the new year. the two sides don't...